I would argue that Asean has been instrumental in driving both economic growth and political development, and that there can be no clearer example than its relations with Myanmar.
What Asia's postwar economic miracle demonstrates is that
capitalism is a path toward economic development that is potentially
available to all countries. No underdeveloped country in the
Third World is disadvantaged simply because it began the growth
process later than Europe, nor are the established industrial powers
capable of blocking the development of a latecomer, provided
that country plays by the rules of economic liberalism.
Our research indicates that, for example, the physical risks of climate change - both the direct risks to facilities, but also the indirect risks to economic growth and otherwise, are more pronounced and happening more quickly than a traditional perspective would suggest.
We hope that through these trade arrangements, through collaboration in training, in manpower development, and what have you, ASEAN in, say, ten years' time, will be a very different ASEAN.
In the private sector, as the president of a small business, my focus has been on driving the growth of our business, not driving any partisan political agenda.
Governments around the world are looking for economic growth and job creation. African economies are no exception, with increasing recognition that growth has to be built on a more diversified economic structure in order to make a lasting contribution to development.
Trade accords had been a staple of the post-World War II world, providing a mechanism for economic growth, development, and association with friends and allies, and a means of reining in would-be adversaries who otherwise would have little incentive to act with restraint.
The Chinese government since 1979 has been very successful in economic development, and successful enough, simply by surviving, in the realm of political development.
One of the most compelling arguments for encouraging the education of girls, particularly in developing countries, is this: Education enables jobs, jobs are a source of economic growth, and economic growth is a key to development and stability.
As economic globalization gathers momentum, China and the United States have become highly interdependent economically. Such economic relations would not enjoy sustained, rapid growth if they were not based on mutual benefit or if they failed to deliver great benefits to the United States.
Every single human being is creative and maximizing that creativity is critical to happiness and economic growth. Economic growth is driven by creativity, so if we want to increase it, we have to tap into the creativity of everyone. That's what makes me optimistic. For the first time in human history, the basic logic of our economy dictates that further economic development requires the further development and use of human creative capabilities. The great challenge of our time is to find ways to tap into every human's creativity.
We need economic growth, yes, but growth can be jobless, so a sustainable development framework for employment must include a job creation strategy.
Economic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness of self-reliance.
Thanks to the euro, our pockets will soon hold solid evidence of a European identity. We need to build on this, and make the euro more than a currency and Europe more than a territory... In the next six months, we will talk a lot about political union, and rightly so. Political union is inseparable from economic union. Stronger growth and Euorpean integration are related issues. In both areas we will take concrete steps forward.
My definition of economic development is economic growth.
The greatest economic minds of the 19th century, all of them without exception, considered economic growth as a temporary necessity. When all human needs are satisfied, then we will have a stable economy, reproducing every year the same things. We will stop straining ourselves worrying about development or growth. How naïve they were! One more reason to be reluctant about predicting the future. No doubt they were wiser than me, but even they made such a mistake!
Socialism is nothing more nor less than the social, political and ideological system which breaks the fetters upon economic growth created under capitalism and opens the way to a new period of economic and social expansion on a much larger scale.